subject
Business, 12.08.2020 08:01 angie249

You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $860.66 every month for the next 12 months. Since you pay $860.66 * 12 = $10,328 in total, the dealer claims that the loan's annual interest rate is (10,328-10,000)/10,000 = 3.28%. What is the actual effective annual rate?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:30, foreignlove1039
When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?
Answers: 2
image
Business, 22.06.2019 23:00, vipergod07
Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution. a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent
Answers: 3
image
Business, 23.06.2019 01:50, dnarioproctor
The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen
Answers: 1
image
Business, 23.06.2019 06:00, superfly903
What can be concluded from the data about the reliability and validity of the thermometers
Answers: 2
You know the right answer?
You're about to buy a new car for $10,000. The dealer offers you a one-year loan where you pay $860....

Questions in other subjects: